SPML Infra is looking to raise upto Rs 300 Cr from PE investors for its Rs 700 Cr Bhiwandi water project. The company has created a SPV - SPML Bhiwandi Water Supply Infra Limitedfor the project and will raise the balance Rs 400 Cr though debt. The project is expected to be operational by 2012-13.
The company has started negotiations with US based Water Asset Management and Veolia Water for the funds. SBI Capital Markets is advising SPML on the deal.
Transaction Reference: ET
Orbit Corporation has announced to acquire 100% stake in Anaya Infrastructure Pvt Ltd.
Japanese fine chemicals maker Nihon Nohyaku is picking up 74% stake in Telangana based agrochemicals manufacturer Hyderabad Chemicals for an undisclosed amount.